Augustine Asset Management Inc. Sells 598 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Augustine Asset Management Inc. trimmed its position in British American Tobacco p.l.c. (NYSE:BTI) by 7.9% in the 4th quarter, Holdings Channel reports. The firm owned 6,989 shares of the company’s stock after selling 598 shares during the quarter. Augustine Asset Management Inc.’s holdings in British American Tobacco were worth $254,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Versant Capital Management Inc bought a new stake in British American Tobacco during the fourth quarter valued at $34,000. ORG Partners LLC raised its holdings in shares of British American Tobacco by 35.1% in the 4th quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock valued at $42,000 after acquiring an additional 299 shares in the last quarter. Kieckhefer Group LLC bought a new stake in shares of British American Tobacco during the 4th quarter valued at about $44,000. Creative Financial Designs Inc. ADV increased its position in shares of British American Tobacco by 153.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock worth $45,000 after purchasing an additional 753 shares during the last quarter. Finally, Continuum Advisory LLC raised its stake in British American Tobacco by 122.8% in the third quarter. Continuum Advisory LLC now owns 1,357 shares of the company’s stock valued at $48,000 after purchasing an additional 748 shares in the last quarter. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

British American Tobacco Stock Up 0.5 %

Shares of BTI opened at $42.51 on Wednesday. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $42.54. The firm has a 50 day moving average price of $37.56 and a 200-day moving average price of $36.81. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88.

Analyst Upgrades and Downgrades

A number of research firms have commented on BTI. Barclays raised shares of British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th. UBS Group raised British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday, January 27th. Finally, StockNews.com lowered British American Tobacco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th.

British American Tobacco Profile

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.